GBP/JPY Breaks Over The Strong Resistance of 145.98

February 1, 2013 6:03 am in Chart Alert

145.98 had proved to be a very strong resistance during April 2010 for GBP/JPY. The fall from this level had taken the currency pair to 126.72 withing 4 weeks. GBP/JPY has broken over that resistance after 2 years and 9 months by going as high as 146.45. The next resistance zone as per the previous price action was in the range of 149.47 to 150.72.

GBP/JPY Weekly Chart

Tags: chart alert, gbp/usd alert, GBP/USD resistance levels, GBPUSD

← GBPUSD’s rise extends to 1.5875

Chart Alert: EUR/USD Next Resistance Level →

Author Info

ForexAbode.com
ForexAbode.com's analysts provide Forex market analysis based on technical, fundamental as well as psychological aspects. Apart from the daily and weekly Forex outlook posted on the respective pages, the outlook and news are also updated on the blog section. ForexAbode analysis is also featured on some of the leading financial news and analysis sites including International Business Times, MarketOracle, ForexStreet and more. Please use the comment form below or contact us page for any comments, suggestions or complaints. You may also write to us at contact(@)forexabode.com by removing the brackets in the email address or connect with us on Google+

Contributor Contact, Accountability and Policies

2 responses to GBP/JPY Breaks Over The Strong Resistance of 145.98

Rajen Pandya said on February 1, 2013

I am giving sort signal for gbp jpy stop should be over 150.00 target almost 1000 pip (1.3675)

Reply
- Rajen Pandya said on February 20, 2013
  
  we short gbo jpy @ 146.75 , move stop down @ 145.75 lock 100 pip
  
  Reply